Pursuits
European Stocks Climb for Third Day; Daimler, Ageas, WPP Rise
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European stocks climbed for a third day after a report on U.S. durable-goods orders beat forecasts amid ongoing speculation that the Federal Reserve will act to bolster the economy.
Daimler AG and Fiat SpA led a gauge of automakers to the biggest gain in 13 months. Ageas, the majority owner of Belgium’s largest life insurer, surged 21 percent after announcing a buyback. WPP Plc, the world’s largest advertising company, advanced 7.4 percent as profit beat estimates. Heineken NV, the world’s third-biggest brewer by volume, tumbled the most since 2003 after saying earnings are unlikely to grow this year.